For Sale
$150,000

1645 Reservoir St Harrisonburg, VA 22801

Established Bubble Tea Shop, High Cash Flow

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a thriving national bubble tea franchise in Harrisonburg, Virginia. Located at 1645 Reservoir St, 22801, this 1,200 square foot retail space boasts eight years of consistent operation and profitability, even under absentee ownership. The franchise enjoys a prime location with high foot traffic, particularly from nearby university students, and has cultivated a strong local following as the only national bubble tea brand in the area. Financial records reveal a gross revenue of $407,000 and a cash flow of $73,000. The asking price is $150,000, which includes $75,000 in furniture, fixtures, and equipment (FF&E) and $15,000 in inventory. Monthly rent is $2,500, making this a compelling net lease investment. The business has a proven track record of success and presents a rare opportunity to acquire a well-established, cash-flowing enterprise with significant growth potential. This turnkey operation is ideal for an investor seeking a low-management, high-return investment in a vibrant market. The property is offered as a net lease.

Highlights

  • Asking Price: $150,000
  • Annual Cash Flow: $73,000
  • Gross Annual Revenue: $407,000
  • EBITDA: Not Available
  • Furniture, Fixtures & Equipment (FF&E): $75,000
  • Inventory Value: $15,000

Property Details for 1645 Reservoir St

Property type
Retail properties, Restaurants

Location Insight

City
Harrisonburg
County
Harrisonburg City
State
Virginia
Latitude
38.430963376904
Longitude
-78.854475414722

FAQs

What type of property is this?
Retail property - Established Bubble Tea Shop, High Cash Flow
Where is the retail property located?
The property is located at 1645 Reservoir St Harrisonburg, VA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Asking Price: $150,000; Annual Cash Flow: $73,000; Gross Annual Revenue: $407,000
How can I contact the broker?
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1645 Reservoir St
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